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Timken India

₹3409.1 -39.3 | 1.1%

Market Cap ₹25642 Cr.

Stock P/E 65.4

P/B 10.6

Current Price ₹3409.1

Book Value ₹ 321.4

Face Value 10

52W High ₹3576

Dividend Yield 0.07%

52W Low ₹ 2490.1

Timken India Research see more...

Overview Inc. Year: 1996Industry: Bearings

Timken India Ltd is engaged within the manufacture and distribution of tapered roller bearings, components and accessories for the automotive zone and the railway enterprise. The Company additionally presents renovation contract offerings and refurbishment offerings. The Company offers restore and protection services of industrial tools containers at its equipment box repairing facility at Raipur. The Company gives tapered roller bearings, AP cartridge tapered roller bearings and other blended ball/roller bearings. Its production centers are placed at Jamshedpur and Raipur, which cater to medium and heavy truks, off-dual carriageway equipment, railways markets and exports. The Company offers a number of bearings, which includes big length tapered curler bearings, round roller bearings, cylindrical roller bearings and speciality ball bearings. It additionally gives portfolio of belts, business chains and augurs, couplings, housed gadgets, grease and lubrication systems for mechanical energy transmission enterprise.

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Timken India Share Price

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Peer Comparison

Timken India Quarterly Results

#(Fig in Cr.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 510 667 699 695 609 803 718 682 612 898
Other Income 3 5 11 22 14 7 9 10 11 11
Total Income 513 672 710 717 624 809 727 692 623 909
Total Expenditure 396 488 528 563 506 650 582 546 510 699
Operating Profit 117 185 182 154 118 160 145 146 113 209
Interest 0 1 0 0 1 1 1 1 1 1
Depreciation 22 22 22 22 22 21 21 21 21 22
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 95 161 160 131 95 137 123 124 91 187
Provision for Tax 25 40 42 34 25 32 33 31 24 45
Profit After Tax 70 121 118 98 71 105 90 93 68 141
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 70 121 118 98 71 105 90 93 68 141
Adjusted Earnings Per Share 9.3 16.1 15.7 13 9.4 13.9 12 12.4 9 18.8

Timken India Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 689 720 929 1051 1056 1233 1664 1617 1411 2203 2807 2910
Other Income 6 11 6 6 10 21 16 23 20 14 53 41
Total Income 694 731 935 1057 1066 1254 1680 1640 1430 2218 2860 2951
Total Expenditure 615 649 795 889 898 1070 1375 1254 1159 1693 2246 2337
Operating Profit 79 82 140 168 168 184 305 386 271 525 614 613
Interest 1 1 1 1 1 1 2 3 1 2 3 4
Depreciation 14 16 17 22 29 43 79 77 75 84 87 85
Exceptional Income / Expenses 0 0 0 -3 0 0 0 0 0 0 0 0
Profit Before Tax 64 66 122 142 138 140 224 306 195 438 524 525
Provision for Tax 20 21 42 50 41 48 75 60 52 111 133 133
Profit After Tax 44 45 81 92 97 92 149 246 143 327 391 392
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 44 45 81 92 97 92 149 246 143 327 391 392
Adjusted Earnings Per Share 6.9 6.6 11.9 13.5 14.3 13.5 19.8 32.7 19 43.5 51.9 52.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 27% 20% 18% 15%
Operating Profit CAGR 17% 17% 27% 23%
PAT CAGR 20% 17% 34% 24%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 9% 36% 45% 32%
ROE Average 21% 18% 17% 16%
ROCE Average 28% 23% 23% 23%

Timken India Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 341 382 438 530 618 702 1341 1577 1344 1657 2037
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 220 240 284 328 19 309 394 115 108 101 92
Total Current Liabilities 112 110 138 167 238 375 497 564 736 848 767
Total Liabilities 674 732 860 1025 874 1386 2232 2255 2188 2606 2896
Fixed Assets 79 97 107 137 231 251 795 748 808 850 833
Other Non-Current Assets 253 278 327 387 94 353 374 188 136 84 112
Total Current Assets 341 358 426 500 549 782 1063 1319 1244 1672 1951
Total Assets 674 732 860 1025 874 1386 2232 2255 2188 2606 2896

Timken India Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 66 46 46 39 71 105 78 198 428 170 114
Cash Flow from Operating Activities 13 44 42 101 164 39 249 348 189 33 341
Cash Flow from Investing Activities -17 -30 -23 -67 -125 -64 -110 -102 -69 -76 -47
Cash Flow from Financing Activities -16 -14 -26 1 -5 -2 -23 -13 -379 -15 -15
Net Cash Inflow / Outflow -20 -0 -7 36 34 -27 116 233 -259 -58 279
Closing Cash & Cash Equivalent 46 46 39 75 105 78 198 428 170 114 394

Timken India Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 6.94 6.58 11.87 13.5 14.3 13.53 19.76 32.72 19.04 43.49 51.95
CEPS(Rs) 9.13 8.91 14.33 16.81 18.55 19.88 30.31 42.94 28.99 54.7 63.54
DPS(Rs) 2 6.5 3 1 1 1 1 50 1.5 1.5 1.5
Book NAV/Share(Rs) 53.59 56.23 64.49 77.96 90.88 103.3 178.27 209.64 178.61 220.28 270.83
Core EBITDA Margin(%) 9.92 9.39 13.83 14.62 14.14 13.04 17.34 22.42 17.85 23.18 19.97
EBIT Margin(%) 8.8 8.77 12.71 12.85 12.44 11.26 13.55 19.12 13.93 20 18.75
Pre Tax Margin(%) 8.63 8.66 12.65 12.76 12.37 11.16 13.45 18.95 13.83 19.89 18.65
PAT Margin (%) 5.99 5.9 8.34 8.27 8.7 7.35 8.93 15.22 10.15 14.85 13.92
Cash Profit Margin (%) 7.87 7.98 10.08 10.3 11.29 10.8 13.7 19.97 15.46 18.67 17.03
ROA(%) 6.68 6.37 10.14 9.74 10.24 8.14 8.22 10.97 6.45 13.65 14.2
ROE(%) 13.52 12.37 19.66 18.96 16.93 13.94 14.55 16.87 9.81 21.8 21.16
ROCE(%) 19.43 18.32 29.74 29.23 23.96 20.97 21.67 20.88 13.22 28.77 28.05
Receivable days 58.96 66.86 60.91 60.39 62.89 60.54 57.57 66.97 85.76 75.38 72.47
Inventory Days 71.1 66.65 57.41 58.12 61.09 63.2 61.68 68.68 85.41 76.8 73.35
Payable days 71.36 56.8 51.99 57.5 78.91 88.55 84.52 95.38 128 101.48 73.99
PER(x) 19.32 27.87 51.57 32.36 45.1 51.81 29.85 23.24 68.02 49.5 53.48
Price/Book(x) 2.5 3.26 9.49 5.61 7.09 6.79 3.31 3.63 7.25 9.77 10.26
Dividend Yield(%) 1.49 3.54 0.49 0.23 0.16 0.14 0.17 6.58 0.12 0.07 0.05
EV/Net Sales(x) 1.22 1.71 4.46 2.8 4.14 3.85 2.67 3.29 6.8 7.35 7.4
EV/Core EBITDA(x) 10.65 14.93 29.65 17.51 26.05 25.83 14.55 13.79 35.37 30.87 33.84
Net Sales Growth(%) -17.12 4.59 29 13.12 0.51 16.79 34.91 -2.84 -12.76 56.2 27.39
EBIT Growth(%) -41.82 2.37 84.58 16.01 -2.49 1.4 60.03 37.03 -36.43 124.24 19.45
PAT Growth(%) -45.15 1.16 80.31 13.78 5.86 -5.36 61.58 65.56 -41.82 128.46 19.46
EPS Growth(%) -45.15 -5.19 80.31 13.78 5.86 -5.36 46.07 65.56 -41.83 128.46 19.46
Debt/Equity(x) 0 0.01 0.01 0.01 0.01 0.02 0.02 0.01 0.02 0.02 0.01
Current Ratio(x) 3.05 3.27 3.1 2.99 2.31 2.08 2.14 2.34 1.69 1.97 2.54
Quick Ratio(x) 1.8 2.02 1.88 1.88 1.52 1.43 1.5 1.82 1.19 1.31 1.8
Interest Cover(x) 50.52 75.21 213.86 155.13 166.09 115.92 128.24 112.36 136.37 180.07 187.11
Total Debt/Mcap(x) 0 0 0 0 0 0 0.01 0 0 0 0

Timken India Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 67.8 67.8 67.8 67.8 67.8 67.8 57.7 57.7 57.7 57.7
FII 2.66 2.9 3.64 3.9 4.3 3.95 6.56 6.71 7.13 7.2
DII 13.87 13.01 12.62 12.13 12.14 12.45 19.11 19.69 22.57 23.64
Public 15.68 16.29 15.93 16.17 15.75 15.8 16.64 15.9 12.6 11.46
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 33% CAGR over last 5 years
  • Debtor days have improved from 101.48 to 73.99days.
  • Company is almost debt free.

Cons

  • Stock is trading at 10.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Timken India News

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